Quote Originally Posted by Yankeeman07 View Post
Do them a favor - Have them file for BK - Hire a CFO and maybe they will still be in business in 2 years.

They have several SBA Loans ? See if any of the banks that wrote the loans will provide additional capital.
Dave, says that they're defaulting? They're just looking for a consolidation, and they're probably still making money. Not every MCA is a recipe for disaster. Several SBAs don't automatically mean they're going under. Sounds like each location has an EIDL and an SBA. Not unheard of. Mark, there are options with a 740 FICO, just likely not $1.6mm